As a result
of the Award, Great Britain lost control of the mouths of the Amakura and
the Barima Rivers, in addition to a large tract of territory in the upper
Cuyuni basin. However, the Award coincided to a great extent with the Schomburgk
Line.

Venezuela,
too, did not get all that it wanted, but it obtained control of the mouth
of the Orinoco River, described as "the very pith of the award" by American
cartographer, Marcus Baker, who had worked for the United States Commission
on boundary between Venezuela and British Guiana.

In commenting
on the Award, Justice Brewer, a member of the Arbitration Tribunal declared:
"Until the last moment I believed a decision was quite impossible, and it
was only by the greatest conciliation and mutual concessions that a compromise
was arrived at. If any of us had been asked to give an award, each would
have given one differing in extent and character. The consequence of this
was that we had to adjust our different views, and finally draw a line between
what each thought right."

Justice Brewer
also expressed the view that the British arbitrators were profoundly impartial
and that they displayed a strict sense of justice throughout the entire
proceedings of the Tribunal.

Immediately
after the Award was made, both Benjamin Harrison and Severo Mallet-Prevost,
two of the lawyers who represented Venezuela before the Tribunal, were quoted
by the London Times of the 5 October 1899 as declaring that the Award was
"Venezuela's victory". Mallet-Prevost was emphatic about the "victory",
and stated that the Award was of great value to Venezuela since it granted
that country the Orinoco estuary.

The official
Venezuelan comment was that of general satisfaction, even though there were
some expressions of disappointment with the Award generated by newspapers
in that country. The British press also expressed disappointment over what
it termed as Britain's "losses".

In a comment
on the 7 October 1899, Venezuela's Ambassador to Great Britain, Jose Andrade
who was also the brother of the then Venezuelan President declared: "...We
were given the exclusive dominion over the Orinoco, which was the principal
aim we sought to achieve through arbitration..."

The United
States of America was also satisfied. Just two months after the Award, President
Mc Kinley, addressing the United States Congress on the 5 December 1899,
expressed the view that "the decision appears to be equally satisfactory
on both sides".

In keeping
with the decision of the Arbitration Tribunal, a Mixed Boundary Commission
appointed jointly by Venezuela and Great Britain, carried out a survey and
demarcation, between 1901 and 1905, of the boundary as stipulated by the
Award. The British Commissioners were Harry Innes Perkins and Charles Wilgress
Anderson while those of Venezuela were Dr. Abraham Tirado and Dr. Elias
Toro. The resulting boundary line was set out on a map signed by the Boundary
Commissioners in Georgetown, British Guiana, on the 7 January 1905. Three
days later, the following Agreement was published as a Sessional Paper of
the Combined Court of Policy of the Colony of British Guiana:

A concrete
and positive acceptance of the boundary line was shown by the Venezuelan
Government when in 1911 it published a map signed by F. Aliantaro, the Minister
of Internal Relations. This map, published to commemorate the centenary
of Venezuelan independence, showed the boundary line as demarcated by the
Mixed Boundary Commissioners six years previously. A similar map was published
in 1917 by the Venezuelan Government.

In 1931 a boundary
commission made up of representatives from Great Britain, Venezuela and
Brazil made special astronomical, geodesical and topographical observations
on Mount Roraima so as to fix the specific point where the boundaries of
Brazil, Venezuela and British Guiana should meet. After diplomatic notes
were exchanged among the three nations represented on the commission on
the 7 October and 3 November 1932, an agreement was finally reached on the
specific location of the meeting point of the boundaries. The matter of
the border was then considered permanently settled.